MetLife Investment Management Snags Raven Capital Management
Posted on 02/07/2023
MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), entered into a definitive agreement to acquire Raven Capital Management LLC, a privately-owned alternative investment firm. As of December 31, 2022, Raven’s assets under management totaled US$ 2.1 billion. The acquisition is subject to customary closing conditions.
Raven invests across the private credit spectrum, with a specialization in primary origination, underwriting, execution and management of middle market direct asset-based investments. It is expected that the acquisition of Raven will significantly advance MIM’s ability to grow its higher yielding private credit offerings as well as its overall origination in the asset classes and sectors in which Raven specializes.
Based in New York and Santa Monica, Calif., Raven Capital Management is primarily focused on direct asset-based investments, including senior secured loans as well as outright purchase of cash-flowing assets. It manages a range of specialty assets such as music and media, among others. Joshua (Josh) A. Green founded Raven Capital Management. Raven Capital operates U.K.-based Oculus Real Estate, Dividend Restaurant Group, Nashville-based Endurance Music Group, and The X Company.